International reserves up $167 mln in December 2019
International reserves of the National Bank of Georgia hit a historic high in June 2019 at $3.74 billion. Photo: Nino Alavidze/Agenda.ge.
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Official international reserves of the National Bank of Georgia increased by $167 million in December 2019, show data from the National Bank of Georgia.
International reserves limit and mitigate the effects of external risks.
Filling international reserves is important for the macro-financial stability of the country,” says the NBG.
As of December 30, international reserves reached $3.49 billion which is $205 million more compared to last year.
International reserves of the National Bank of Georgia hit a historic high in June 2019 at $3.74 billion.
In January-November 2019, visits of international travellers coming to Georgia reached the historic high 8,690,352, which is 7.2 per cent more compared to the same period of last year, announced the Georgian National Tourism Administration.
The National Bank of Georgia has sold $20 mln today amid Georgian lari depreciation, announces the National Bank of Georgia.
The National Bank of Georgia (NBG) has decreased the minimum foreign currency reserve requirements for commercial banks in Georgia from a mandatory 30 per cent to 25 per cent, which will allow commercial banks to lend the freed up five per cent – about $700 million.
The National Bank of Georgia (NBG) has sold $40 million at an exchange auction on September 27, as the Georgian lari continues to depreciate. The National Bank of Georgia (NBG) increased the refinancing rate by 0.5 percentage points to 7.5 per cent on September 25.
The National Bank of Georgia has sold $40 mln today amid the depreciation of the Georgian lari, announces the National Bank of Georgia. As of today, 1 USD costs 3.1568 GEL, while 1 EUR costs 3.4109 GEL.